Spot Ethereum ETFs by 2 July? Analyst makes this bold prediction!

July could be it for spot ETH ETFs. What does that mean for Bitcoin and the rest of the market though?spot Exchange Traded Funds , Bloomberg’s Senior Analyst Eric Balchunas is in the news today after he specified a potential start date.“We are moving up our over/under date for the launch of spot Ether ETF to July 2nd, hearing the Staff sent issuers comments on S-1s today, and they’re pretty light, nothing major, asking for them back in a week.

In fact, the analyst also alluded to the fact that the aforementioned launch may be timed to align as closely as possible with 4 July, the United States’ Independence Day. Fast forward to January 2024, after nearly a decade of regulatory scrutiny and multiple applications, the SEC finally approved 11 Bitcoin ETFs.Drawing parallels between the approval processes of Bitcoin and Ethereum ETFs, it is noteworthy that after the BTC ETF’s approval, Ethereum saw a significant rally, rising by 9.1% while Bitcoin underperformed.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ethereum ETFs could ‘grab 20%’ share of BTC ETFs: Analyst predictsAn ETF analyst reiterates that spot ETH ETF could hit about 20% of US spot BTC ETF performance across trading volumes, flows, and assets.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Gensler discusses Ethereum ETFs: SEC to fast-track approvals?Gensler indicated that the approval process for U.S. spot Ethereum ETFs hinges on the responsiveness of issuers to the SEC's feedback.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Ethereum weekly inflows hit $34 million – Are ETFs the reason?Digital asset investment products recorded inflows totaling $185 million last week, marking the fourth consecutive week of inflows.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Ethereum ETFs Approved: Rollblock (RBLK), Cardano (ADA), and Notcoin (NOT) predicted to skyrocketGet the latest updates on Ethereum ETF approvals and predictions for Rollblock (RBLK), Cardano (ADA), and Notcoin (NOT).
Source: CryptoAmb - 🏆 22. / 68 Read more »

How Ethereum ETFs will help ETH finally cross $4.5KEthereum sees mixed market signals amidst regulatory changes and ETF approvals, hinting at possible gains.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Will Ethereum surge to $4.5k before ETH ETFs go live?Stay Ahead!
Source: CryptoAmb - 🏆 22. / 68 Read more »